Forget High-Speed Rail: Elon Musk Wants to Build Something Far More Awesome

[celedhring]

Amazon does.

[Jacob]

Amazon does.

That's Bezos, nor Musk.

[crazy canuck]

Musk has actually been wildly successful. Space X is the most advanced aerospace company in the world and raking in billions of dollars worth of orders.

Have any of his companies made any profit?

Ever heard of a obscure company called Paypal?

[The Larch]

Musk has actually been wildly successful. Space X is the most advanced aerospace company in the world and raking in billions of dollars worth of orders.

Have any of his companies made any profit?

According to wiki this is Tesla's performance so far:



This are their numbers for 2016:

Revenue US$7.00B
Operating income US$-667.3M
Net income US$-674.9M
Total assets US$22.66B
Total equity US$4.75B

So, no profit yet and still losing money but revenue is increasing quite a lot.

No idea about SpaceX, but they've won a number of contracts from NASA, defence and commercial sources, so they must be have a significant income, although their expenses might also be astronomical (pun intended).

[celedhring]

Amazon does.

That's Bezos, nor Musk.

Yeah, just had a brain fart. They're the Ryan Reynolds and Ryan Gosling of boundary-pushing tech billionaires to me.

[The Minsky Moment]

Musk has actually been wildly successful. Space X is the most advanced aerospace company in the world and raking in billions of dollars worth of orders.

Have any of his companies made any profit?

Profit, heh.  That's so Old Economy.

[jimmy olsen]

Amazon does.

That's Bezos, nor Musk.

A good example though since it took Amazon like a decade to make a profit. Investors wisely took a long term outlook with them.

Tesla looks the same.

[Zanza]

Amazon does.

That's Bezos, nor Musk.

A good example though since it took Amazon like a decade to make a profit. Investors wisely took a long term outlook with them.

Tesla looks the same.

This year will be interesting. They are moving downmarket, which is not where the profits have traditionally been in the automotive industry. Will be interesting to see if they can actually turn out a decent product with the Tesla 3 and earn money from it.

[Berkut]

I am so very, very tempted to buy one....

[Zanza]

One of the existing models or the Model 3? I wouldn't want to be an early adopter when it comes to Tesla. Better be a fast follower and get the car when it has been on the market for a couple of months to make sure they ironed out the initial quality issues that Tesla had with all their products so far. I think you would probably get better value if you get a pre-owned Model S.

[Berkut]

Model 3. I cannot afford a Model S, pre-owned or not...

[Zanza]

I like the sleek exterior of the Model 3, but the minimalistic interior (at least what was shown so far) is not appealing to me somehow despite having a minimalist taste normally.

[Berkut]

My big question on it is whether I can really have a vehicle with a 200 mile range as my only car...

[jimmy olsen]

Model 3. I cannot afford a Model S, pre-owned or not...

Weren't you a bank vice president?

[jimmy olsen]

My big question on it is whether I can really have a vehicle with a 200 mile range as my only car...

How often do you drive more than 200 miles in a day?

If you do, is it practical for you to stop and stretch your legs/eat for 30 minutes while it charges at a supercharger?